A10 Networks’ Rising Shopper Base Drives Share Beneficial properties…

ATEN’s utility networking options present excessive availability, acceleration, and safety for knowledge heart functions and networks. The corporate’s choices embrace cloud storage, enterprise options, safety, and safety for knowledge facilities, utility supply, load balancing, and distributed denial of service assaults. ATEN has a market capitalization of over $1.2 billion.

On the monetary entrance, ATEN’s fiscal third quarter that led to September produced income positive aspects of four.four% on a year-over-year foundation, to $66.7 billion. Its quarterly per-share earnings grew 31.three%, to $zero.21. ATEN has a strong monetary place ($182.1 million in money and securities and no debt) and is rising its enterprise shoppers, which advantages its backside line. Additionally, service suppliers in North America have been spending extra, which has helped ATEN develop.